Nippon Steel Corporation, announced on the 13th, a joint venture with Australian steel magnate Bruce science in Southeast Asia and the United States to carry out building materials business, and strengthen other than to provide steel to the automotive business.
Nippon Steel Corporation and Bruce science companies each hold a 50 percent stake in the joint venture, which, Nippon Steel invested $ 554 million, and related procedures is expected to end in March 2013. Joint venture for building materials, home appliances sheet metal gilt and paint, and then on the market.
Nippon Steel, vice president Shinya Higuchi, the business is Nippon Steel, an important measure to strengthen the building materials business. It is reported that Nippon Steel and Bruce science since 1970, there are technical cooperation relationship.
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